Nano Dimension Shares Jump As Company Highlights 'Discount To Net Asset Value': The Details
Portfolio Pulse from Adam Eckert
Nano Dimension Ltd (NASDAQ:NNDM) has received court approval for its $200 million share repurchase plan. The company is now authorized to repurchase stock in open market transactions, privately negotiated transactions, or through other legal methods. The buyback plan does not obligate Nano Dimension to repurchase any specific number of shares. The company's shares were up 9.27% at $2.71 at the time of publication.
October 19, 2023 | 7:35 pm
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Nano Dimension's court-approved $200 million share repurchase plan could potentially increase the company's stock price.
Share repurchase plans often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This news is highly relevant to NNDM as it directly involves the company's financial actions.
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